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Natural Resource Partners LP (NRP) Showing Bearish Technicals With Resistance At $35.11

Jun 13, 2018 ( via COMTEX) --

After Jun 12, 2018aEUR(TM)s trading in Natural Resource Partners LP (<a href="">NRP</a>)'s option trade-picking algorithms uncovered a trade that offers a 4.16% or 11.88% (for comparison purposes only), while providing 14.54% downside protection. The trade is a Oct 19, 2018 covered call at the $30 level for a net debit of about $28.80. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $25 level. By buying the call for $9.50 instead of paying about $33.70 for the stock, the assigned return rate for this alternate trade is 8.69%, but the stock has to finish above $29.60 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $32.09 and $35.11, respectively.

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